W.D. Gann was a famous Wall Street analyst and trader who surmised that markets moved in octaves or 1/8 bands. As complicated as many of Gann's students made his later work out to be, his original observation that markets moved in 1/8th bands has stood the test of time. His .375, .50, and .625 levels dovetailed with Fibonacci's .382, .50, and .618. Jay Norris is the Director of Learning at IBUniversity.com and author of Mastering the Currency Market, McGraw-Hill, 2009. Trading involves risk of loss and is not suitable for all investors! Disclosure: I have no positions in any stocks mentioned, and no plans to initiate ... (full story)